Investment
Cleveland’s Tower at Erieview Changes Hands
RAIT Financial Trust sold the fourth tallest building in the city to KRA Management. HFF represented the seller and procured the buyer.
GLP Closes $4B in European Funds
The platform encompasses a 17 million-square-foot operational portfolio and a 16 million-square-foot development pipeline in the UK, France, Germany and the Netherlands.
Bershon Realty Sells Orange County Shopping Center
Hanley Investment Group has arranged the disposition of Hunter Court, a 127,360-square-foot retail property in Lake Forest, Calif., anchored by a CVS pharmacy and Ross Dress For Less.
MedProperties Expands Texas MOB Portfolio
The national real estate private equity firm purchased three medical facilities around Austin, bringing its total holdings in the area to four.
Public Storage Buys 360 KSF Minneapolis Portfolio
In a deal facilitated by JLL Capital Markets, Pegasus Group sold six properties totaling 3,243 units, with an average occupancy of nearly 90 percent.
Inland Private Capital Closes $46M Portfolio Sale
Sold through a 1031 investment program, the portfolio comprises a total of 115,503 square feet of medical office space in Illinois and Massachusetts.
Pier 1 Imports HQ in Fort Worth Changes Hands
CBRE arranged the sale of the 409,977-square-foot Class AA trophy tower on behalf of the seller, Hines, which purchased the property back in 2014 for $83.2 million.
MetLife, State Street Team Up in $2B Co-Lending Deal
The multi-year partnership marks State Street’s debut in CRE financing. The co-lending program will be targeting a variety of product types nationwide, including office, industrial, multifamily, retail and hospitality assets.
South Bay Office Asset Nets $180M
A joint venture between Northwestern Mutual and McCarthy Cook purchased the Class A Mountain View property, which contains nearly 115,000 square feet across three buildings.
Denver-Area Hotel Changes Hands
Ascent Real Estate facilitated the sale of Rodeway Inn in Estes Park. The area attracts approximately four million tourists each year due to Rocky Mountain National Park.